• Macarthur Minerals Limited. (TSXV: MMS, ASX: MIO) (“MMS”, or “Company”) has accomplished a number of development initiatives at its flagship Lake Giles Magnetite Project as well as work at its Ularring Hematite Project.
• MMS Completes Feasibility Study on Lake Giles: After extensive metallurgical testing, geotechnical work, mine planning and infrastructure design, MMS announced the completion of a Feasibility Study (“FS”) on Lake Giles. Though project economics deteriorated in comparison to the 2019 PEA, the outcome was still positive and positions Lake Giles as a more bankable asset moving forward.
• Key Infrastructure Linkages Secured at Ularring: The company was able to ink contingent deals for both rail access and shipping containers. Moving forward, we expect the company to look to execute on permitting and further logistics capacity tie-ups to ensure potential early sale of Ularring's direct shipping ore (“DSO”).
08 Sep 2022
Macarthur Minerals Limited. (TSXV:MMS, ASX: MIO) – Flagship Magnetite Project Advanced to Feasibility Study Stage, Ready for Project Financing
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Macarthur Minerals Limited. (TSXV:MMS, ASX: MIO) – Flagship Magnetite Project Advanced to Feasibility Study Stage, Ready for Project Financing
- Published:
08 Sep 2022 -
Author:
Research Team -
Pages:
10
• Macarthur Minerals Limited. (TSXV: MMS, ASX: MIO) (“MMS”, or “Company”) has accomplished a number of development initiatives at its flagship Lake Giles Magnetite Project as well as work at its Ularring Hematite Project.
• MMS Completes Feasibility Study on Lake Giles: After extensive metallurgical testing, geotechnical work, mine planning and infrastructure design, MMS announced the completion of a Feasibility Study (“FS”) on Lake Giles. Though project economics deteriorated in comparison to the 2019 PEA, the outcome was still positive and positions Lake Giles as a more bankable asset moving forward.
• Key Infrastructure Linkages Secured at Ularring: The company was able to ink contingent deals for both rail access and shipping containers. Moving forward, we expect the company to look to execute on permitting and further logistics capacity tie-ups to ensure potential early sale of Ularring's direct shipping ore (“DSO”).